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State-run National Fertilisers Ltd (NFL) today posted net loss of Rs 25.90 crore in the second quarter ended September 30, due to higher expenditure of power and fuel.
The company had clocked a net profit of Rs 0.74 crore in the same quarter last fiscal.
Total income during the July-September period increased by 3 per cent to Rs 2,006.49 crore from Rs 1,947.68 crore in the same period last year, the company said in a BSE filing.
Second quarter results of the company turned into red despite increase in income, as power and fuel expenditure increased substantially to Rs 632.04 crore from Rs 444.82 crore during the period under review.
Shares of the company closed at Rs 22.70 down by 1.30 per cent apiece at the BSE.
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